Reuters Before the Bell: Exclusive: Trump expected to sign order paving way for U.S. telecoms ban on Huawei

Click to View in Browser Wednesday, May 15, 2019 Exclusive: Trump expected to sign order paving way for U.S. telecoms ban on Huawei President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China's Huawei, three U.S. officials familiar with the plan told Reuters. China's retail sales growth slumps to 16-year low as trade war risks rise China reported surprisingly weaker growth in retail sales and industrial output for April on Wednesday, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates. China says it will support firms in boosting R&D spending China will support firms in boosting their spending on research and development, state television cited the cabinet as saying on Wednesday. Tencent books record, estimate-busting first-quarter profit, boosted by investment gains Tencent Holdings Ltd posted record quarterly profit on Wednesday, smashing market expectations, as the social media and gaming giant booked a rise in the value of its investments while fintech and cloud computing make up for declines in games. Futures dip after China data shows slowing retail sales U.S. stock index futures slipped on Wednesday, as grim data out of China cast a shadow over market sentiment, while investors awaited more developments related to the U.S.-China trade dispute. Walmart mulls stock market listing for UK arm Asda Walmart, the world's biggest retailer, said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury's was blocked by the UK regulator last month. Alibaba revenue beats estimates on cloud boost; shares rise China's Alibaba Group Holding Ltd beat analysts' estimates for fourth-quarter revenue on Wednesday, boosted by growth in its core e-commerce and cloud computing businesses. IKEA says in final stages of talks to invest in Northvolt IKEA is in the final stages of talks with Northvolt about participating in the battery startup's fundraising for a factory, the world's biggest furniture retailer said on Wednesday. No easy options for China as trade war, U.S. pressure bite China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China's state-led economic model. Fears of flying Boeing's 737 MAX won't get in way of price conscious ticket shoppers: Reuters/IPSOS poll U.S. fliers still consider ticket prices the most important factor when choosing a flight, according to a Reuters/Ipsos poll, suggesting two fatal crashes of Boeing Co 737 MAX jets have had little impact on consumer sentiment. Related Video Disney takes control of Hulu Google ads coming to mobile app home feed Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook